Tag: fico

Get a very low credit score business loan.

Business loans with very low credit scores. Credit scores below 500 and as low as 383 are considered for a small business loan. This low fico credit score business loan program is a good match for below 500 and sub 500 credit bureau fico scores for small business loans.

Many programs do not offer small business loans with the owner’s credit score below 500, or have limited offers. Get up to $150,000 in business funding with credit bureau and fico scores below 400 and down to 383. Business funding is based mostly on the revenue of the business, not the credit score.

Contact us below or first read the “Howto” section steps, direction and tips to getting low fico credit score business loan and also other business financing and then apply below. so call us. We will be happy to discuss your situation first. Almost all callers will find out if they have a strong chance for approval after calling in.

How to get a very low fico credit score business loan

Step 1: Research companies that have low fico credit score business loans as main programs. Review minimum funding amounts, rates, features and benefits and processing time from application to completion.

Step 2: Tip: Prepare explanations or documentation for any unfavorable or incomplete information in your business profile. This can be slow business periods or limited information on your business.

Step 3: Choose the program that most fits your very low fico credit score and overall customer profile.

Pick the program that you think is going to be the best match for your business.

Contact the lender and talk about whether your business meets the requirements.

Step 5: Submit an application for funding. Provide documentation you have that improves your chance for an approval, higher offer amounts and better terms. This can include financial statements, additional bank statements or tax returns.

Get a higher offer by submitting documentation that shows your business to be stronger.

F.A.Q., Frequently asked Questions:

Question: Will you really approve customers with credit scores that low?

Answer: Yes. Not all applicants will qualify. Many will qualify because approval is based more on the stability of the cash flow of the business, not the credit.

Question: I have terrible credit and a very bad credit score, maybe under 400. Do I have a chance to get funding?

Answer:

You have a chance. The reasons for the low credit score will be looked at to see what is happening currently. The raw score is not the reason for any denial.

Question: My credit was hurt due to a divorce and is also severely damaged. Does that disqualify me?

Answer: Not automatically. While approval is not guaranteed and the credit will still be reviewed, this program is focused on the ability of your business to pay, not focused on credit.